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  • Robert's Trading 7-1-11 0 comments
    Jul 1, 2011 5:18 PM

    While not expecting a whole lot on a holiday weekend Friday I did get a few trades done and my new WW signal gave me three for three.  ADBE came back and I stopped out and then went back higher to make new highs.  That was a tough call to make because I didn't want to allow a winner to turn into a loser, yet the stoploss had not actually moved.  Oh well, I can live with the lower stress level of just stopping out with a small gain for now and work on it moving forward.

    BK was another long trade based on the WW signal and I exited a little early to focus on option expirations.  This turned into a limiting factor that cost me about seven cents in gains. I don't trust IB's automatic stoploss software as I have seen it fail too many times.  JDSU was also cut about an hour short as well.  I did receive most of the gains so it is all good.

    YOKU was my biggest trading stock today in terms of gains.  They all came small with 5-10 cents per trade as I faded the moves above resistance. It will be interesting what type of value the market gives this stock going forward.  I like shorting it but obviously it does know how to make strong upward moves when dropped from high enough of a window.

    I am currently short SODA 70 July calls.  The IV is high enough that even without a price move I may be able to exit after the first hour Monday when premium falls.

    AAPL puts + 23

    BK + .41

    DRI +.09

    HSP + .08

    JDSU + .26

    NFLX two sets of puts.  dumb trade of the day - 159

    SODA short calls + 39 and still short

    amounts are per share except for options.  It was a positive day to cap off a positive week.  I would have to check but unless Monday was a down day I think all days this week flashed green and I made above my weekly goal.  Even HPQ came me some love at the end of the week and while I am still underwater I like the idea of owning the shares more and more.

    I just finished a book called DeMark Indicators by Perl.  Very good book for those that want to learn more about DeMark and for those that know, Perl provides his entries and exits to give another viewpoint.  I will be writing up a review of it shortly.

    I will be coming back with my signals for Monday if there are any to trade.  Just a quick look at the grid makes it look like it may be slim pickings Monday.

    Happy fourth of July and stay safe.

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